Just Eat (JE) Lifted to Overweight at Barclays

Just Eat (LON:JE) was upgraded by stock analysts at Barclays to an “overweight” rating in a report released on Thursday. The firm presently has a GBX 1,000 ($13.56) price objective on the stock, up from their previous price objective of GBX 700 ($9.49). Barclays’ price target indicates a potential upside of 25.25% from the stock’s previous close.

Several other analysts have also commented on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 895 ($12.14) target price on shares of Just Eat in a report on Wednesday, January 3rd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 967 ($13.11) target price on shares of Just Eat in a report on Friday, December 15th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 830 ($11.26) target price on shares of Just Eat in a report on Monday, December 4th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and set a GBX 920 ($12.48) target price on shares of Just Eat in a report on Friday, November 24th. Finally, Liberum Capital began coverage on Just Eat in a report on Wednesday, November 8th. They set a “buy” rating and a GBX 880 ($11.93) target price on the stock. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 840.64 ($11.40).

Just Eat (LON JE) opened at GBX 798.40 ($10.83) on Thursday. The firm has a market capitalization of $5,220.00 and a PE ratio of 6,653.33. Just Eat has a 1-year low of GBX 495.07 ($6.71) and a 1-year high of GBX 827 ($11.22).

In other news, insider Frederic Coorevits sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of GBX 760 ($10.31), for a total value of £102,600,000 ($139,137,510.17).

WARNING: “Just Eat (JE) Lifted to Overweight at Barclays” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2018/01/11/just-eat-je-lifted-to-overweight-at-barclays.html.

About Just Eat

Just Eat plc is a United Kingdom-based operator of digital marketplace for takeaway food delivery. The Company’s segments include the UK, Australia & New Zealand, Established Markets and Developing Markets. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland.

Analyst Recommendations for Just Eat (LON:JE)

Receive News & Ratings for Just Eat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Eat and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply